Is Grafton, IL 62037 a buyer’s or seller’s market?

The Grafton housing market right now

In the three months ending August 31, 2026, 11% of homes in Grafton, IL 62037 sold above their list price, the typical home went under contract in 38 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold about as fast and the median sale price rose 27% to $378,336. Overall, Grafton is less competitive than a year ago, which gives buyers more room.

Within Jersey County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 83%.

Nearby, buyers who want less competition could look at Dow 62022 (0% sold over asking), while Elsah 62028 (50% sold over asking) and Fieldon 62031 (50% sold over asking) are even more competitive.